2024 Fleet Sales Remain Steady, Nearing 2023 Levels
Fleet sales across the three key sectors—commercial, rental, and government—are nearing 2023 levels, with 2024 year-to-date (YTD) sales reaching 1,947,046 vehicles, just 1.6% below the 1,977,943 vehicles sold in the same period last year, according to Bobit fleet data. Commercial fleet sales fell 8.4% YTD to 749,413, while rental fleet sales rose 3.9% to 944,444, and government fleet sales increased 1.1% to 253,189. November 2024 saw a 4.6% decline in combined fleet sales year over year, totaling 139,989 vehicles. Commercial fleet sales dropped 9.3%, government sales fell 6%, and rental fleet sales were nearly flat, down just 0.1%. Despite a midyear plateau, fleet sales have remained stable, reflecting robust contributions from Detroit-based and Asian Big 6 automakers.
Winter Gas Prices Dip to Multi-Year Lows Amid Regional Variations
Gas prices continue a slight downward trend heading into winter, with the U.S. national average remaining stable at $3.03 per gallon, down 19 cents year-over-year, according to the EIA. On Dec. 2, the national average briefly dropped to $2.99, marking the lowest levels since 2021. Regional prices show variability, with the Gulf Coast offering the lowest average at $2.58 and the West Coast the highest at $3.86. Oklahoma leads with the cheapest gas at $2.49, while 31 states report averages below $2.99. Seasonal trends may push prices lower during the holidays, though incoming policy changes under the Trump administration and the Federal Reserve’s inflation measures could influence prices in the coming months.
2025 Toyota Camry: Fleet Car of the Year and Hybrid-Only Innovation
The Toyota Camry, a staple in corporate fleets and the best-selling sedan in the U.S. since 2002, has been named Fleet Car of the Year for 2025 by Automotive Fleet, marking its fourth win since 2019. For 2025, Toyota transitioned the Camry to a hybrid-only lineup, reflecting the market’s shift toward sustainability and Toyota’s multi-pathway carbon reduction strategy. Powered by a 2.5-liter, four-cylinder engine with Toyota’s fifth-generation hybrid system, the Camry delivers up to 51 MPG combined and up to 232 horsepower with AWD. Fleets switching to the hybrid-only model can save over $1,650 over a three-year lease. New features include available Electronic On-Demand AWD, upgraded digital displays, and enhanced Toyota Safety Sense 3.0 with pedestrian detection, Traffic Jam Assist, and Reverse Automatic Braking. These updates ensure the Camry remains efficient, dependable, and tech-forward for fleet and retail customers alike.